Latest Metals News

Gateway Mining Ltd has agreed to acquire Strickland Metals’ Yandal Gold Project for $45 million in shares, significantly expanding its gold resource base and exploration potential in Western Australia.

Tyranna Resources has completed initial steps to acquire a majority interest in Angola’s Maongo Copper-Gold Project, complementing ongoing lithium exploration at Namibe. The company is poised to restart mining activities dormant since the 1960s, backed by a solid cash position and strategic regional assets.

Australian Mines Limited has executed a binding earn-in agreement for up to 80% of the Boa Vista Gold Project in Brazil, backed by a recent $2.5 million capital raise to fund extensive drilling and exploration across its portfolio.

Andromeda Metals has advanced funding and technical milestones for its Great White Project, securing a $75 million debt facility and validating its kaolin product for industrial ceramic applications.

Thunderbird Resources reports standout gold and antimony assay results from NSW projects, while reshaping its copper and uranium joint ventures in Peru and Canada.

Riedel Resources Limited has progressed its Kingman Project in Arizona, securing $1.4 million in fresh capital to fund drilling and development activities at the high-grade Tintic deposit. The company also strengthened its board with the appointment of an experienced independent director.

Octava Minerals has secured a binding agreement to acquire the Federation Cu-Zn-Ag Project in Tasmania, reported promising bioleaching test results at its Byro REE-Li Project, and raised $1.5 million to fund exploration and working capital.

Mount Burgess Mining advances metallurgical test work at its Nxuu deposit, navigates leadership changes, and pursues a significant legacy debt extinguishment as it refines its strategic focus.

Aurora Energy Metals has secured a six-month extension on Eagle Energy Metals' exclusive option for its flagship uranium project, accompanied by significant cash inflows and advancing metallurgical work. The company ends the quarter debt-free with a solid cash buffer as it pushes forward on multiple fronts.

Metals X has updated its Renison Tin Operation mineral resources to 20.8 million tonnes at 1.40% tin, incorporating new drilling data and the Ringrose Prospect. The update signals ongoing resource growth amid operational challenges.

Saturn Metals has reported a robust June quarter highlighted by significant drilling success and exceptional metallurgical recoveries at Apollo Hill, lifting its gold resource to 2.24 million ounces. These developments set the stage for a pivotal Pre-Feasibility Study and maiden Ore Reserve later this year.

Desert Metals Limited has launched a significant diamond drilling program at its King Kong prospect in Côte d’Ivoire, following promising geophysical surveys and aircore drilling results. The company also secured $2.11 million in a recent placement to fund ongoing exploration.